Rental Ownership Structure in Canada
Canada Mortgage and Housing Corporation released a housing market insight report regarding the ownership structure of purpose-built rental apartments. The report presents that 90% of purpose built rental apartment units in Canada are dominated by either Individual Investors, or Private Corporations – leaving only about 10% for REITs, Public Corporations, Pension Funds and REIFs ownership combined. The Individual investors and Private Corporations are similar in the sense that both have high overall rents in major urban cities, such as Vancouver, Edmonton, Toronto and Halifax.
As the remaining share of the market in the one that is considerably top-line and modern, Individual Investors and Private Corporations still uphold the largest share of purpose-built rental apartment units in Canada.
To read the full report, please visit here.